This guy Zillacus is like klown. For months he is going around buying MU, Inter... offering 1B, 1.4B, ... He is with Investcorp, US investors... He offers some fans platform to Ratklif... He just wants attention.
The Suning Commerce Group
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Its not up to Suning, its up to the fund/market.
I dont see how things works out for Suning or even having the capital to pay this back, other than selling material assets, unless there is something going on in the background but nothing suggest they have recovered from COVID-19 and the Chinese Economy is facing tailwinds.
Any capital fund doesn't lend out 100 million dollars for friendship. They will tell Suning this is the Interest rate or have Suning provide more assets. Either way, Suning knows what they are doing or could be on a downhill slope and Inter becomes a more attractive asset, so they get their price, or they roll snake eyes and lose any sort of reward.
I would not be surprised if Oaktree amended the clause that they (Suning) get anything....
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one of the risks as you mentioned, they will sack all managers
Marotta included and i believe he is the keystone of our success.
recall when he was hired back on 2019...he said he had beef with spalletti
but he dont like to sack managers during the season. so whether we change owners
or not, marotta shouldnt be touched.
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10 years of FIFThis is one of my biggest fears. Marotta goes back to the cheats before he retires and builds them up again in dominating fashion. I don't want new owners coming in and spending big bucks again on players either. Our current formula is working amazingly well.
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10 years of FIFYou are not the only one here.
When Marotta renewed until 2027, one of the thing which went through my head was the idea that Suning is in negotiations to sell and want to give Marotta & co some kind of guarantees that they remain here.
It`s not unplausible that a new owner comes with new ideas like "money ball", etc and want new managers with "modern approach" or other retarded shit. Marotta lived that already when Agnelli and his "child" Paratic stabbed him in the back after he build that Juventus from scratch.
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10 years of FIFAn unnamed US-based fund has shown an interest. This fund would be willing to refinance Suning’s debt to Oaktree with an interest rate of 15%.
They just keep on rolling
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That's not how any of this works.
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10 years of FIFmy thing is like China or no Chinese investment firms want to help Sunning? That seems like a red flag.
They need to sell part of the club. 15% interest is impossible to get out of when we are talking about the amount of money they are in debt. We would have to have a record breaking sale every season to just cover debt.
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break the piggy bank, pay your bills
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10 years of FIF
Most Diverse PosterThey way we are will implode sooner or later. We could be Serie A's best club for the whole decade, but if we are so financially unstable, we could either fall in more money problems or maybe some other penalty
Suning cant just go to any fund and determine the terms.
They're not in a position to do so, but enlighten me on how it works?
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Best Football Poster
Best Overall PosterOaktree works to extend Inter Milan financing package as deadline looms, sources say
MILAN, Feb 20 (Reuters) - Oaktree Capital Management is working to extend a 275 million euro ($298 million) loan to Italy's top flight soccer club Inter Milan before it expires in May, two people familiar with the matter told Reuters.
In 2021 Inter Milan's main investor, Chinese conglomerate Suning (002024.SZ), secured a deal to get a three-year financing package from Oaktree to help Inter Milan weather the coronavirus pandemic storm.
The high-yield loan was guaranteed by Suning's 68.5% stake in Inter Milan, which gives Oaktree the potential right to take control of the club in case of a default, several sources briefed with the matter said at the time.
Oaktree is now working with Suning adviser Goldman Sachs for an extension of the loan, the sources said, without providing further details. They declined to be named as discussions are private.
The terms of the extended loan are expected to be different to the original one, with one of the sources saying the maturity could be shorter.
All involved parties declined to comment or were not immediately available.
Current Serie A leaders Inter Milan recorded an annual 86 million euro loss in the 2022-2023 fiscal year from 140 million euro the year before.
Revenue rose to 415 million euros, helped by the club's performance in the UEFA Champions League last season, when the Milanese club reached the final of the lucrative UEFA competition. Total debts stood at 807 million euros.
Inter attracted interest from potential investors last year but Suning denied at the time that any deal was in the works and nothing materialised.
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shocker...
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We should not be blindsided by the recent succes we have had. If Suning doesn't sell, we're screwed. Especially in the long haul with interest getting even higher and we unable to really pay off the debt...
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10 years of FIFUnless an Italian fan buys us it can be an issue. All these super billionaires want EPL where the real money is. Using us to be a Newcastle or some other crap EPL team feeder club is more profitable than us being champion each year.
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Now he has all the conditions to be a candidate to take over Juventus
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10 years of FIFThere's a good chance the situation is not what it looks like.